SYSCO CORP (SYY)       83.91  -0.28 (-0.33%)

83.91  -0.28 (-0.33%)

US8718291078 - Common Stock - After market: 83.91 0 (0%)

Technical Rating

8

Taking everything into account, SYY scores 8 out of 10 in our technical rating. SYY has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.



The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
When comparing the yearly performance of all stocks, we notice that SYY is one of the better performing stocks in the market, outperforming 88% of all stocks. On top of that, SYY also shows a nice and consistent pattern of rising prices.
SYY has an average volume of 2525080 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
SYY is part of the Food & Staples Retailing industry. There are 44 other stocks in this industry, SYY did better than 63% of them.
SYY is currently trading in the middle of its 52 week range. This is in line with the S&P500 Index, which is also trading in the middle of its range.
In the last month SYY has a been trading in a tight range between 82.98 and 87.21.
Considerably lower volume is observed in the last couple of days.

Statistics

1 Month 3 Months 6 Months 12 Months 1.15% 0.02% 2.44% 13.90% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 88.05 69.835 - 91.5296
SYY Weekly chart
SYY Daily chart

Support/Resistance Analysis


69.28

90.64
We found 3 important support areas.
  • A support zone ranging from 82.76 to 83.90. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Support @71.51 from a horizontal line in the weekly time frame.
  • Support @69.98 from a horizontal line in the weekly time frame.
2 important resistance areas can be observed.
  • A resistance zone ranging from 85.03 to 86.56. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A resistance zone ranging from 88.37 to 89.74. This zone is formed by a combination of multiple trend lines in multiple time frames.

Setup Analysis

Setup Rating

8

Besides having an excellent technical rating, SYY also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 83.9, a Stop Loss order could be placed below this zone.


Possible Trading Setup

Given the decent technical rating and the setup score, we can suggest the following trade.


ENTRYEXITDISTANCECAPITAL
85.2983.471.82 (2.14%)25.00%
An entry @85.29. This is a Buy Stop order right above the 10 day moving average.An exit @83.47. This is a Stop Loss order right below the 10 day low.The trade has a worst case loss of 1.82 points, which is 2.14%.When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.53%.

  • The distance between exit and entry is rather small compared to the average daily movement of SYY. Please evaluate whether better entry and exit points can be found.
  • The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
  • This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
SYY Daily chart

SYSCO CORP83.91

NYSE:SYY (12/8/2022, 7:09:54 PM)-0.28 (-0.33%)

After market: 83.91 0 (0%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Consumer Staples
GICS Industry Food & Staples Retailing
Performance
Today -0.33% 1 Week -2.48%
2 Weeks -2.5% 1 Month 1.15%
3 Month 0.02% 6 Month 2.44%
Volatility
ATR(14) 1.31 ATR(20)% 1.77%
ATR Inc -26.92% Range Today 0.91
Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)
Relative Strength & Ranges
CRS 88.05 Mansfield 0.6
10 Day High 87.21 10 Day Low 83.48
20 Day High 87.21 20 Day Low 82.98
52 Week High 91.53 52 Week Low 69.83
CS1 End 83.9 CR1 Start 85.03
Volume & EV
DER(3) 2.09% DER(5) 1.64%
Volume 1.72M Volume Incr -39.39%
Vol(5) 1.39M Vol(50) 2.53M

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